Deeptech startup Locai has raised £1m in pre-seed funding to further develop its off-cloud AI infrastructure. Currently, every user interaction generates ongoing fees for cloud providers on servers beyond the user’s control, turning business growth into a liability for both margin and data sovereignty. Locai, which was part of the Google for Startups Accelerator initial ... Read more ›
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Autonomous vehicle and mobile robotics company Aurrigo is to relocate its global headquarters and core design and manufacturing centre to a new UK facility at Power Park in Coventry. The new site will span over 130,000 square feet – more than three times the size of Aurrigo’s current UK facility – and will serve as ... Read more ›
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The Competition Appeal Tribunal (CAT) has ruled to certify a £2bn legal opt-out collective action against Microsoft over its cloud computing and software practices. The court case, brought by digital markets regulation expert Dr Maria Luisa Stasi, accuses Microsoft of overcharging UK businesses and organisations that use its Windows Server on rival cloud services. In ... Read more ›
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Lombard lending fintech Firenze has secured a £6m funding round led by AlbionVC, with follow-on participation from all major existing investors including Outward VC and Form Ventures. A Lombard loan is a type of loan that is backed by liquid assets from an investment portfolio. Assets are used as collateral against the loan, protecting the ... Read more ›
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Many people will have learning another language on their bucket list and with the help of AI that reality is creeping ever closer. Ed Crook, strategy and operation leader at German-based AI translation firm DeepL discusses how the startup is helping business get language nuance right, what it is like to build a startup in ... Read more ›
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University of Edinburgh spinout Exergy3 has raised £10m in seed funding to scale its proprietary technology and address industrial decarbonisation, grid balancing and energy security. Exergy3 is an innovative cleantech company that specialises in ultra-high temperature thermal energy storage solutions. Its mission is to revolutionise the clean heat market by providing scalable, affordable and sustainable ... Read more ›
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Founders Forum Group and Accenture have launched a joint ‘AI for Growth’ alliance to support more British businesses to reap the benefits of AI. The alliance will support businesses with guidance on security, upskilling and infrastructure. Founders Forum Group and Accenture will work together to develop tools and assets to drive safe and scalable AI ... Read more ›
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Inploi, the talent technology platform helping employers hire at scale, has secured £3m in a funding round led by YFM Equity Partners with support from existing investors. The startup’s platform works alongside existing applicant tracking systems to streamline candidate journeys, reduce drop-off and enable faster and more effective hiring decisions. By reducing manual task load ... Read more ›
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Rivan, a startup developing synthetic fuel has raised £25m in new funding to scale its production capacity. The new funding round saw VC group Plural re-invest in the firm after leading its £10m funding round in May 2025. The company was launched to reduce the cost and increase the availability of synthetic fuels to make ... Read more ›
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Tech upskilling platform Multiverse has partnered with Age UK, the charity for older people, to launch an AI and data academy that will equip 60 team members with critical digital skills and transform how they supports millions of older people facing poverty and isolation. As the UK’s ageing population continues to grow, the demand for ... Read more ›
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The British Business Bank has made a commitment of up to £35m to VC Episode 1’s Fund IV. Episode 1 is an investor backing early stage companies primarily at the pre-seed and seed stages. It takes an algorithmic approach to finding and evaluating software-driven UK companies with a specific focus on AI, software infrastructure, deeptech ... Read more ›
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Tech Climbers revealed the best performing product-led tech businesses that are making an impact in the Liverpool City Region. The list was announced to a room of founders, investors, and ecosystem supporters from across the City Region. View the list here This week, the tech community gathered at Scale in Liverpool city centre as host Oyinkansola Adebayo unveiled the 17 companies that made the official Tech Climbers list and the... Read more ›
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Manchester-based HR tech startup urfuture has secured a £1.7m seed round to support its mission to rebuild entry-level hiring in the AI age. Urfuture is building a hiring infrastructure designed to replace CVs and job boards. Its platform combines a ‘social-first Gen Z distribution engine’ with a proprietary behavioural science job matching algorithm, enabling employers ... Read more ›
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This week’s UK tech funding deals include autonomous driving software group Wayve, fashion re-selling platform The Little Loop and more. UKTN tracked £76.7m worth of UK tech investment this week (13 April to 17 April), a 45% week-on-week increase across seven funding rounds. Here’s your weekly roundup of UK tech startup funding deals. Wayve – ... Read more ›
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The UK’s launch of a £500m Sovereign AI fund is a necessary move to avoid reliance on US capital amid the volatile Trump administration, according to British AI founder. The government this week unveiled the fund, which will be state-operated but act as a kind of venture capital vehicle that will directly back UK-based AI ... Read more ›
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Nnamdi Emelifeonwu is the co-founder and chief executive of Definely, an automated tool for crafting and reviewing legal documents. In this week’s Founder in Five Q&A, Emelifeonwu discusses staying dedicated to your company’s mission instead of personal glory, why a good head of people is a great investment and his time building a pound shop in ... Read more ›
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The UK government has confirmed the first investment from its new flagship £500m Sovereign AI fund will go towards infrastructure startup Callosum. The fund, unveiled this week by the Department for Science, Innovation and Technology (DSIT), the fund was launched as a way for the government to directly support the sector and drive a culture ... Read more ›
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The UK government has announced plans to work with edtechs, AI labs and schools to develop new tools that could radically shift how students learn. Tech firms have been invited to participate in a government-led initiative to create AI systems that can support the learning of children, with the initial pilot intended to support up ... Read more ›
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The journey of quantum computing from a sci-fi-esque speculative technology to R&D intensive long-term play to clears signs of strong commercial opportunity has been nothing short of astounding. The public eye last year, in terms of technology at least, continued to be dominated by AI, but in many ways, the strides made in the quantum ... Read more ›
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The British Business Bank has agreed to make a £100m commitment to Apposite Healthcare Growth I, a fund investing to support the growth of health technology companies primarily in the UK. The news marks the bank’s largest fund commitment to date and its first to Apposite Capital, a specialist healthcare and life sciences investor. Apposite ... Read more ›
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Around £50m of public and private investment will be used to turn new technologies into practical tools for farmers, says farming minister Angela Eagle. The funding will deliver up to 12 innovative tools to farms, using technologies spanning from robotics to AI. It is hoped the innovations will help farmers produce more while cutting labour, ... Read more ›
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Spacetech investment group Seraphim Space has established its Global Space Futures Advisory Council to address key strategic, commercial and geopolitical opportunities and challenges facing the space sector. Bringing together leading space specialists from across the global space ecosystem, the council includes former astronauts, space entrepreneurs, senior investors and policy leaders with experience spanning commercial space, ... Read more ›
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The government’s Sovereign AI Unit, a £500m investment in UK AI to create jobs and drive economic growth, is set to be launched by technology secretary Liz Kendall today. Sovereign AI is designed to drive enterprise and innovation, and support AI companies to scale, compete and win on the global stage. The unit will act ... Read more ›
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London-based AI group Wayve has added $60m (£44m) of new funding from chip giants months after securing a $1.2bn investment. The autonomous driving software developer is working towards integrating its automotive compute platforms into vehicles to support commercial partnerships, including a deal with Nissan to rollout robotaxis. “For embodied AI to scale, automakers need design ... Read more ›
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Australian fintech unicorn Zeller has expanded to the UK in hopes of taking on the heavily competitive finance and payments sector. The Melbourne-based group was founded in 2020 and quickly grew to a $1bn business payment and financial solution platform after a hefty funding round in 2022. Though its growth has been impressive, its entrance ... Read more ›
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22.04.2026 06:54
Last update: 06:45 EDT.
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